Do I have to pay taxes on my pension?

First of all, correct your wrong statement. Retirees receive a monthly pension, which is also called retirement pension, not retirement salary. Secondly, paying taxes means paying personal income tax according to the steps of monthly salary. Therefore, the pensions of retirees, no matter how much, are not included in the tax base, so they are not paid.

However, if retirees continue to play their residual heat outside and have wage income, this income needs to be included in the tax base and paid in proportion.

Pensions are not taxed.

Should I pay taxes if my pension exceeds 5,000 yuan? Hello, I'm a social security expert. Wages over 5000 yuan need to be taxed. However, my pension is over 5000 yuan, so I don't need to pay it, and I shouldn't.

Because pensions are tax-free.

According to Article 4 of the Individual Income Tax Law, the personal income tax shall be exempted for settling-in allowance, retirement allowance, basic pension or retirement allowance, retirement allowance and retirement living allowance paid to cadres and workers in accordance with the unified regulations of the state.

Therefore, no matter how much your pension is, even if it is more than 5000, even if it is more than 1000, you don't need to pay a dime in tax.

Pensions above 5000 should not be taxed.

Some people may think that since the salary exceeds 5,000 yuan, so should the pension over 5,000 yuan, because most of the pensions over 5,000 yuan are retirees.

But in fact, this idea is unreasonable, because pension tax exemption is everyone's welfare policy. After all, retirees have been paying taxes when they are on the job and have already contributed. If the pension is still taxed, it is suspected of repeated taxation, which is not conducive to improving the living standards of retirees, so it should not be taxed.

Except for pensions, there is no need to pay a tax on settling-in expenses, resignation expenses, retirement expenses, resignation expenses and retirement living allowance. These are all favorable policies for benefiting the people and should not be constantly changed.

Moreover, not all retirees have pensions of more than 5,000 yuan, and now that the dual-track pension system has ended, employees of government agencies and institutions have to pay pension insurance premiums. It is unfair for these people to levy a tax on pensions of more than 5,000 yuan.

Because the encouragement of old-age care means paying more and getting more, but paying a tax will also damage everyone's enthusiasm for participating in old-age insurance, which is not good for the operation of old-age insurance funds. Therefore, it is not appropriate to pay a tax if the pension exceeds 5,000 yuan.

More social security issues, pay attention to your own thoughts.

Hello, landlord, do I have to pay tax if my pension exceeds 5000 yuan? The tax payment referred to here should be personal income tax. But why isn't personal income tax levied on pensions above 5,000 yuan? In fact, this is because there are very few individuals with pensions exceeding 5,000 yuan, which can be said to account for a very small proportion of all retirees. Therefore, even if the personal income tax of more than 5,000 yuan is levied, it will not play a big role in the increase of tax revenue.

Moreover, in the personal income tax law, it is clearly stipulated that pensions received as retirees are completely exempt from personal income tax, so since it has been decided at the legal level, personal income tax will rarely be levied on retirees' pensions in the future. Moreover, I believe that in the future, with the continuous growth of the price level, the per capita income level will continue to increase, so it is imperative to raise the threshold of personal income tax in the future, that is, from 5,000 yuan to a higher level, but it will take some time to wait.

Therefore, if the threshold of personal income tax is raised again in the future, it will not be 50 million. Therefore, it is of little significance to levy personal income tax on pensions from now on, because the threshold of personal income tax itself is not fixed for a long time. The growth rate of our pensions, including the number of pensioners, is actually relatively small compared with this labor force. Therefore, the significance of collecting personal income tax is not particularly great, mainly because of our normal wage income.

Thanks for reading, please add my attention.

As many people know, the deduction line of personal income tax in China has been raised to 5000 yuan. Is it necessary to pay personal income tax if the pension income of retired people exceeds 5000 yuan? The answer is no.

According to Article 4 of the newly revised Individual Income Tax Law of 20 19, there are 10 tax exemptions. The seventh category is: settling-in allowance, retirement allowance, basic pension or retirement allowance, resignation allowance and retirement living allowance paid to cadres and workers in accordance with the unified regulations of the state. All these expenses are tax-free.

In addition, the basic pension, after all, belongs to the category of social insurance, if it is commercial endowment insurance paid by individuals. In fact, the commercial endowment insurance that we personally pay belongs to the category of life insurance, that is to say, if the insured can survive, we must pay the insurance premium, which belongs to the category of insurance indemnity and belongs to the fifth tax exemption in the personal income tax law.

Personal commercial endowment insurance actually belongs to the third pillar of old-age security. In fact, pension insurance is only established by individuals. Due to the rapid development of China's economy, the payment and treatment time of endowment insurance can be as long as several decades, and the relative depreciation pressure is high, the return rate of insurance income is not high, and the enthusiasm of individuals to participate in insurance is not high. As China enters a period of stable development, the corresponding commercial endowment insurance still has great development potential.

Since 20 18, the state has promoted tax-deferred pension insurance, and mainly designed three categories of products: income-determined, income-guaranteed and income-floating. This kind of old-age insurance needs to pay personal income tax in full when receiving pensions in the future. This kind of tax-deferred pension insurance can effectively avoid taxes for high-income people and increase everyone's motivation to participate in the insurance.

The second pillar of old-age security is the annuity system, which needs to pay personal income tax. Annuity system is mainly divided into enterprise annuity and occupational annuity. According to the Notice of the Ministry of Finance and State Taxation Administration of The People's Republic of China on Issues Related to Individual Income Tax on Enterprise Annuities and Occupational Annuities, those who receive annuity treatment on a monthly basis should include all annuities in taxable income and distribute them to each month according to the quarterly or annual income growth. For example, receive the occupational annuity 1 000 yuan per month and pay 30 yuan at the rate of 3% per month. From this point of view, if there are hundreds of thousands of enterprise annuities at a time, it is not suitable for one-time withdrawal, or it is better to receive them every month.

Starting from 20 19, we collectively refer to the income from wages and salaries, labor remuneration and royalties as comprehensive income tax. After retirement, although it is impossible to establish labor relations with employers, the income obtained can be recognized as income from labor remuneration, and some elderly people can also get royalties such as royalties and patents.

Comprehensive income should be calculated together. If it exceeds 5,000 yuan, it shall be counted as taxable income, and shall be taxed together with the income from occupational annuity and enterprise annuity. However, the pension is tax-free and there is no need to calculate the taxable income.

Legal basis: People's Republic of China (PRC) Tax Collection and Management Law.

Article 1 This Law is formulated with a view to strengthening the administration of tax collection, standardizing tax collection, safeguarding national tax revenue, protecting the legitimate rights and interests of taxpayers and promoting economic and social development.

Article 2 This Law is applicable to the collection and management of various taxes collected by tax authorities according to law.

Article 3 The collection, suspension, reduction, exemption, refund and supplementary payment of taxes shall be carried out in accordance with the law. Where the State Council is authorized by law, it shall be implemented in accordance with the administrative regulations formulated by the State Council.

No organ, unit or individual may, in violation of the provisions of laws and administrative regulations, arbitrarily make decisions on tax collection, suspension, tax reduction, exemption, tax refund, overdue tax and other decisions inconsistent with tax laws and administrative regulations.

Article 4 Units and individuals that are obligated to pay taxes according to laws and administrative regulations are taxpayers.

Units and individuals that have the obligation to withhold and pay taxes according to laws and administrative regulations are withholding agents. Taxpayers and withholding agents must pay taxes, withhold and remit taxes and collect and remit taxes in accordance with the provisions of laws and administrative regulations.

You're absolutely right. Administrative pension is called salary (also called retirement salary), which is allocated by local finance, even if it receives 10 thousand yuan every month. According to the regulations, for retirees, there is no need to pay any income tax, and there is no need to withhold and pay any other taxes and fees. Just pay as much as you should! Please look at the author's (institution's) two salaries, one is retirement salary and the other is living allowance for retirees. (Click on picture 2) Read carefully and never deduct a penny!

I can tell you for sure that you don't have to pay taxes if your pension exceeds 5000 yuan, but it doesn't mean that all the income you get after retirement doesn't have to pay taxes.

1. Retirement is not subject to personal income tax.

This policy is based on the provisions of Item 7 of Article 4 of the Individual Income Tax Law. According to the unified regulations of the state, personal income tax shall be exempted for settling-in expenses, retirement expenses, basic pension or retirement expenses, retirement expenses and retirement living subsidies paid to cadres and workers.

Therefore, the pension obtained after retirement does not need to pay personal income tax, nor does it need to be incorporated into comprehensive income, but is settled.

2, retirees need to pay personal income tax on the following income:

(1) enterprise annuity or occupational annuity.

After reaching the statutory retirement age, the enterprise annuity or occupational annuity received in accordance with the regulations belongs to the income from wages and salaries, which is withheld and remitted by the payer and taxed separately. It is not incorporated into the comprehensive income and does not need to be settled.

(2) Income from continuing to work after retirement shall be subject to individual income tax.

Now, people's living conditions are better and their life expectancy is longer. Many people are still healthy when they reach the legal retirement age, so they are rehired by their original units or find new enterprises to continue their work. Income from continuing to work after retirement shall be subject to personal income tax, which shall be withheld and remitted by the paying unit. It needs to be incorporated into comprehensive income, and the final settlement is carried out according to the regulations, and more refunds are made and less supplements are made.

For example, after Lao Zhang retired, he received a monthly pension of 5,500 yuan and an enterprise annuity of 1.200 yuan. Lao Zhang also works as a consultant, technical guidance and regular door-to-door service in a certain unit, with a monthly income of 6,000 yuan.

According to the regulations, this 5500 yuan pension is exempt from personal income tax; Enterprise annuity 1.200 yuan. Personal income tax, as income from wages and salaries, is collected and remitted by the payer, but the tax payable is zero because it has not reached the threshold. Re-employment after retirement, the monthly income is 6000 yuan, which belongs to the income from labor remuneration and should be withheld and remitted by the payment unit. When paying personal income tax in advance, you can deduct 20% of the expenses, and then apply the tax rate of 20%, so you should withhold personal income tax in 960 yuan.

After the end of the year, the pension and enterprise annuity obtained by Lao Zhang do not need to be settled by personal income tax, and the income from labor remuneration obtained should be merged into comprehensive income and settled according to regulations, with overpayment and underpayment.

Even if the pension exceeds 5000 yuan, there is no need to pay taxes. But then again, how many people's pensions can exceed 5000 yuan?

1. After retirement, no matter whether it is 5000 yuan or 10000 yuan, there is no need to pay tax. This is clearly stipulated in the individual income tax law: the resettlement fee, resignation fee, basic pension or retirement fee, retirement fee and retirement living allowance paid to cadres and workers in accordance with the unified regulations of the state are tax-free. Therefore, this part of the money is tax-free.

But in addition to this situation, obtaining other income may involve paying taxes.

For example, we have obtained some subsidies from the original unit or items such as grain, oil and rice noodles, which are actually not within the scope of tax exemption. It is reasonable that we should pay taxes, but in fact, we may not pay taxes. This may be because these amounts are not large, so you don't have to pay taxes after deduction.

For another example, if you can't be idle after retirement and find another job outside, then the income from this job should also be calculated according to the normal tax deduction method. Sometimes, the reason why it is not paid may be that it does not meet the expense deduction standard based on wages and salaries. In addition, many uncles and aunts are also very fashionable now. They shoot videos every day and upload them online. Unexpectedly, they made achievements. Some of them can even earn tens of thousands of dollars a month, far exceeding the income of pensions. In this case, they will first pay taxes as labor remuneration. Be sure to download a tax APP for final settlement in the second year, and there may be a tax refund.

Most people's pensions are less than 5000. Although there is no need to pay taxes even if the pension exceeds 10000, in fact, there are very few people whose pension can exceed 5000. Like the author, most people's pensions are around 3000-4000 yuan, so don't worry about the figure of 5000. At the same time, it should be noted that even if other incomes are obtained, these incomes do not need to be combined with pensions for tax purposes. Pensions are tax-free, and other income is tax.

Generally speaking, retirees should distinguish the source of income and judge whether they should pay taxes. If a part-time unit miscalculates for itself, it can also safeguard its own rights and interests.

Except those who have made special contributions, such as the old revolution, people's heroes and scientific and technological workers who have made great contributions, the number of others should not exceed 5,000 according to the current national conditions and development level. It is unreasonable and hard to convince that people who support the elderly exceed those who work. Extremely selfish, thinking only of themselves, regardless of others and future generations, such people are too narrow-minded and should not be allowed to take advantage of them. On issues concerning people's livelihood and value orientation, the government must have a clear attitude and make decisive decisions. We should not hesitate to mislead the people.

Well, according to the provisions of this tax law, personal income tax is not levied on the settling-in allowance, retirement allowance, basic pension or retirement allowance, retirement allowance and retirement living allowance paid to cadres and workers in accordance with the unified regulations of the state. Therefore, no matter what the pension of retirees is, there is no need to pay a tax, which also reflects the concern for retirees. In fact, at present, the per capita pension level in China is around 3,000 yuan, and the number of people who can reach 5,000 yuan is still relatively small.

We know that 5000 yuan is the threshold for individual tax. For on-the-job employees, wages exceeding this amount will be deducted from taxes, but for retirees, pensions are not wage income, but welfare benefits, and there is no problem of deducting taxes.

If a retiree is re-employed, or has signed a labor contract and paid his salary again, as long as the salary income reaches the personal threshold, it needs to be withheld and remitted, just like the on-the-job employees.

@ jingjingjingjing, thank you for reading.

Pensions over 5000 yuan need not be taxed, that is, there is no need to pay personal income tax.

1. Why don't I have to pay personal income tax for my pension?

The tax law stipulates that no tax is paid. According to Article 4 of the Individual Income Tax Law, the settling-in allowance, retirement allowance, basic pension or retirement allowance, retirement allowance and retirement living allowance paid to cadres and workers in accordance with the unified regulations of the state are tax-free. In other words, not only the pension is tax-free, but also the employees' settling-in expenses, retirement expenses and retirement allowance.

In addition, the pension for retired employees rarely reaches 5,000 yuan, usually between 3,000 yuan and 4,000 yuan, or even lower. Moreover, prices are rising every year, so it is not easy to ensure daily living expenses, which is one of the reasons why the state has raised wages for retired workers for more than ten years.

Retirees with a pension of more than 5,000 yuan are mostly retirees from government agencies and institutions. Of course, some enterprises pay relatively high social security fees for employees when they are in office, and their pensions are relatively high when they retire. However, the pensions of most retirees are basically below 5,000 yuan.

2. Pensions do not need to pay personal income tax, but retirees need to pay personal income tax when their re-employment or part-time income reaches the threshold. At present, the legal retirement age is 60 for men and 55 (or 50) for women, which should be said to be the prime of life. If they are healthy, most retirees will go to the society again and give full play to their residual heat. In the community, we often see that most people who do property are re-employed after retirement.

Some professors, experts, scholars, teachers, entrepreneurs and various business professionals will also be invited to do various economic activities such as consultation, training and technical guidance. The remuneration obtained belongs to labor remuneration, and the personal income tax is withheld and remitted by the paying unit at the same time. At the end of the year, it will be settled together with other comprehensive income, with overpayment and overpayment.

Of course, some retired grandparents are self-media creators. Some people have reached the threshold of personal income tax, and also withheld and remitted personal income tax according to the income from labor remuneration, and settled at the end of the year.

In short, there is no need to pay personal income tax on pensions, whether it is 5,000 yuan or more, but the income obtained from other channels after retirement needs to pay personal income tax in accordance with the provisions of the tax law, and it will be settled before June 30 next year.

I'm Rong Zhi, the chat manager. Welcome to continue to pay attention to financial topics.

June 5438+February, 2020 1 1 No personal income tax is required to receive the pension. China's individual income tax law stipulates that retirement wages do not need to pay individual income tax. However, if retirees still have labor income or business income after retirement, they need to pay personal income tax. According to the Individual Income Tax Law of People's Republic of China (PRC), the personal income tax shall be exempted for the settling-in allowance, retirement allowance, basic pension or retirement allowance, resignation allowance and retirement living allowance paid to cadres and workers in accordance with the unified regulations of the state.